Course ID: PSFE

Professional Skepticism – Case Studies in Identifying Material Fraud and Error

Having a questioning mind, and appropriately challenging evidence that supports the propriety of transactions and events. This course will provide “real-life” illustrations of the critical role that professional skepticism plays in uncovering fraud, error and illegal acts.

Learning Objectives

  • Describe professional skepticism and the important role it plays in audits, reviews and other attest services
  • Explain how professional skepticism may lead to detection of fraud, errors and illegal acts
  • Discuss “real-life” scenarios in which professional skepticism was not properly applied by external accountants

Major Topics

  • Why professional skepticism is so important to detecting material fraud or error
  • What are an external accountant’s responsibilities for fraud, error and illegal acts in SSARS, SAS, and SSAE engagements
  • Illustrative examples of challenging the persuasiveness of evidence supporting the propriety of transactions and events

Who Should Attend

Public accountants, industry accountants, internal auditors and others that need to monitor whether professional skepticism is being properly applied

Fields of Study





Business Learning Institute

CPE Credits




This course is available for your group as:


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